Phoenix TS

Budgets Training

This training course will be your first step toward more effective financial management.

Course Overview

Our 2-day, instructor-led Budgets Training course is designed to teach those who are inexperienced with numbers to effectively deal with financial
statements, understand payroll and speak the basic terminology of bookkeeping. This training will address:

Basic terminology
Accounting methods
Accounts payable and receivable
Balance sheets
Planning, budgeting and control

There are no prerequisites for this class.

Schedule

Currently, there are no public classes scheduled. Please contact a Phoenix TS Training Consultant to discuss hosting a private class at 240-667-7757.

Not seeing a good fit?

Let us know. Our team of instructional designers, curriculum developers, and subject matter experts can create a custom course for you.

Learn more about custom training

Course Outline

Getting Started

Housekeeping items
The parking lot
Workshop objectives
Action plans and evaluations

Glossary

What is finance?
Commonly used terms
Key players
Important financial organizations
Understanding GAAP
Case study
Review questions

Understanding Financial Statements

Balance sheets
Income statements (AKA profit & loss statements)
Statement of retained earnings
Statement of cash flows
Annual reports
Case study
Review questions

Analyzing Financial Statements (I)

Income ratios
Profitability ratios
Liquidity ratios
Working capital ratios
Bankruptcy ratios
Case study
Review questions

Analyzing Financial Statements (II)

Long-term analysis ratios
Coverage ratios
Leverage ratios
Calculating Return on Investment (ROI)
Case study
Review questions

Understanding Budgets

Common types of budgets
What information do I need?
Who should be involved?
What should a budget look like?
Case study
Review questions

Budgeting Made Easy

Factoring in historical data
Gathering related information
Adjusting for special circumstances
Putting it all together
Computer based methods
Case study
Review questions

Advanced Forecasting Techniques

Using the average
Regression analysis
Extrapolation
Formal financial models
Case study
Review questions

Managing the Budget

How to tell if you’re on track
Should your budget be updated
Keeping a diary of lessons learned
When to panic
Case study
Review questions

Making Smart Purchasing Decisions

10 questions you must ask
Determining the payback period
Deciding whether to lease or buy
Thinking outside the box
Case study
Review questions

A Glimpse into the Legal World

A brief history
The Sarbanes-Oxley Act
CEO/CFO certification
8th Company Law Directive
Case study
Review questions

Wrapping Up

Words from the wise
Parking lot
Action plans and evaluations

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